The U.S. Navy awarded Raytheon an $84.3 million modification to a previously awarded firm-fixed-price contract to produce the Joint Standoff Weapon C-1.

The U.S. Air Force awarded Raytheon a $15 million firm-fixed-price contract for production of the laser-guided Maverick missile.

Both contracts were announced by the Department of Defense on Dec. 19.

About RaytheonRaytheon Company, with 2010 sales of $25 billion, is a technology and innovation leader specializing in defense, homeland security and other government markets throughout the world. With a history of innovation spanning 89 years, Raytheon provides state-of-the-art electronics, mission systems integration and other capabilities in the areas of sensing; effects; and command, control, communications and intelligence systems, as well as a broad range of mission support services. With headquarters in Waltham, Mass., Raytheon employs 72,000 people worldwide. For more about Raytheon, visit us at www.raytheon.com and follow us on Twitter at @raytheon.